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20130113
20130121
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. will they lose the debt ceiling, too, will they force the issue or run scared because public opinion is not on their side? >> i think there are really three teams in washington. people on the left that include the president. people on the right, people who voted against boehner's plan b and people who want a deal done. i think in the end, people who want a deal done will prevail. maybe at the last hour or three hours after the last hour, we don't know. it was quite obvious the president was trying to blow up the deal on december 31st, while biden and mcconnell were out there negotiating, the president had a pep rally in the east room in which he directly attacked both the congress and the republicans, people trying to do the deal. any who's done any negotiations know what you should have done is praise the process, not attack the people in the middle of the process. i don't think the president liked that deal, i don't think he wanted a deal. i think he'd rather have the issue and i think in this case, he'd also rather have the issue. it will be very very hard to get a serious deal do
with the fiscal cliff, the debt ceiling, and other pressing issues. and finally radio shack is ending its mobile phone partnership with target. the venture has been unprofitable and radio shack has been unable to negotiate more favorable terms. >>> as you know, the house is set to vote today on a $51 billion superstorm sandy package that has already turned in to a bitter battle over spending. joining us now is congressman frank pallone, who represents the sixth district of new jersey, one of the hardest-hit areas of the jersey shore during the late october storm. and congressman, thank you for being here. this was a late october storm. we are now in january. this is still going back and forth. what's happened? >> well, unfortunately, the package was delayed. it was passed in the senate just before new year's, but then the house speaker refused to take it up, and you know, we were very critical of that, because the bill could have been passed in the house and become law with the president's signature and we'd be in the rebuilding process for the jersey shore right now. but now with more and more
was in it. >> very difficult. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether the insurer transferred its rights to sue for losses that it incurred on its troubled bonds when it sold $2 billion in securities to the fed in 20308. aig is preserving its right to sue the federal government and other debts. >> fed chairman ben bernanke is going to speak and answer questions at the university of michigan. in d.c., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require bu
over the debt ceiling, you hit it, calamitous. and you have other words from damaging to manageable, republicans saying we can do this for awhile and it will be okay. i want to look at specific issues here. democrats say any missed government payment is a default. republicans say, no, only when you don't pay the interest on the debt. how about on the issue of can the government prioritize payments so that the incoming cash equals the outgoing cash? really the republicans -- i'm sorry, democrats saying no authority to do this and really no ability to program our computer system to do that. republicans saying you know what? the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spendi
Search Results 0 to 3 of about 4